⚡ Flash Summary

Paramount Spinning Mills Limited (PASM) has announced its Annual General Meeting (AGM) to be held on October 28, 2025, in Karachi. Key items on the agenda include confirming the minutes of the last AGM, adopting the audited financial statements for the year ended June 30, 2025, and appointing auditors for the next financial year 2025-2026. The company’s share transfer books will be closed from October 21, 2025, to October 28, 2025, both days inclusive, for registration purposes.

📌 Key Takeaways

• 🗓️ AGM scheduled for Tuesday, October 28, 2025, at 11:15 a.m. in Karachi.
• 🏢 Meeting will be held at 2nd Floor Finlay House, I.I. Chundrigar Road.
• ✅ Agenda includes confirming minutes of the previous AGM.
• 🧾 Adoption of audited financial statements for the year ended June 30, 2025, is on the agenda.
• 🧑‍💼 Appointment of auditors for the financial year 2025-2026 will be discussed.
• 💰 Fixing the remuneration of the appointed auditors is part of the agenda.
• 🚫 Share transfer books will be closed from October 21 to October 28, 2025.
• ✉️ Proxy appointments must be deposited 48 hours before the meeting.
• 🆔 CDC account holders must bring their CNIC and participant ID for identification.
• 🏢 Corporate entities need to provide certified BOD resolution or power of attorney.
• 💻 Members can attend via video link by registering before October 22, 2025, via email.
• 📧 The registration email is m.ijaz@gulshan.com.pk.
• ✍️ Members are required to notify changes of addresses to the Shares Registrar.
• 📍 Shares Registrar is M/s Hameed Majeed Associates (Pvt) Limited, Karachi.

🎯 Investment Thesis

Based on the AGM notice alone, a HOLD recommendation is appropriate. We need to analyze the company’s financial performance to make a more informed investment decision. A price target and time horizon cannot be determined without further financial information.